ADB Boosts Its Funding for Bhutan’s Phuentsholing Township Development and Loan to Finance Rural Cottage and Small Industries
The Asian Development Bank and the Royal Government of Bhutan have signed financing agreements today to support the ongoing Phuentsholing township development and enhance to finance for rural cottage and small industries.
ADB has approved a $20 million loan to improve access to financial services of rural cottage and small industries (CSIs) in Bhutan.
The Asian Development Bank has approved an $18.5 million concessional loan and a $10 million grant as additional financing for the Phuentsholing Township Development Project in Bhutan.
The Royal Government of Bhutan and the Asian Development Bank (ADB) have signed a $3 million grant from the ADB-administered Japan Fund for Poverty Reduction (JFPR) to demonstrate viability and sustainability of solar power...